In this possible scenario, the retrenchment have shown a double zig-zac leading to an almost complete wave 2.
1.365 to 1.367 seem to be a favour position to see whether will there be a bounce off and resume bearish position.
so hopefully it will stay on the right track to resume an impulse sell off.
After the impluse wave have ended which label at wave 1 , now currently tracking the corrective triange A-B-C, where
it's now heading towards wave B. Hope it will reach it target before geting on to wave C.
I have revised on the earlier chart and rework the wave counts, previously my wave c crtical level have been cross.
Hence the updated count should shows a 5 wave impulsive counts to be completed, at such now it looking at wav 2
Alternate count on Eur/usd still looking at bearish trend, however 1.3220 crt level to watch up for if the ABC triangle might not have ended soon, hence it now might look at wave c to complete the wav iv).
The retracement have been complete on the ABC that is faster than i expected, now eur/usd can seen heading down to wave v), next target i be looking towards 1.300 area, as which is base on Gann 1/1 area.
Eur/usd is on a retracement going bullish for now, however it might not be going down so soon, as it's still within the retracement ABC triangle, looks towards Wave a) for now. Hopefully by next week it will be clear off the triangle and resume back the bearish trend.